VAT refund, businesses receive 198 million euros - 9 months/ 50 million euros were spent in September alone, the highest figure
Nearly 19.1 billion lek, or approximately 198 million euros, have been returned to businesses in the country by the tax administration in 9 months, in the form of paid VAT, through the refund procedure.
Divided by months, a progressive increase in refunds made by the General Directorate of Taxes is observed and the highest figure is in September with approximately 4.9 billion lek or around 50 million euros, a figure several times higher than other months of the year, followed by June where an average of approximately 43 million euros were reimbursed and in the rest of the months the average refunds have been between 15-18 million euros.
Meanwhile, the time taken to complete this process is gradually being reduced, with 80% of requests being approved without review.
VAT refunds for businesses throughout 2024, through the digital platform, were made within an average of 31 days, reducing waiting times and facilitating taxpayers. By 2027, the average refund deadline is planned to reach 25 days.
During the past year, reimbursements amounted to 223 million euros.
Taxable persons, registered for VAT, who result in a credit balance of over 400,000 thousand lekë, have the right to submit a request for VAT refund to the VAT Refund Directorate at the General Directorate of Taxes. This request is submitted according to the approved form “Request for VAT Refund” (online and physically).
VAT refunds are made within 60 days from the date of submission of the request through the Treasury system. The request for refund is subject to the normal refund procedure, subject to risk analysis. Subjects considered to be at zero risk are automatically refunded within 30 days from the date of submission of the request. In case of non-reimbursement of the approved amount, the taxable person has the right not to pay other tax obligations in the amount of VAT claimed for refund.
If a refund, which should have been made by the tax administration, is not made within the legal deadlines, the tax administration pays late payment interest on the overpaid amount.
Are fewer Albanians heading to Germany? According to the Federal Statistical Office, the pace has slowed down.
After nearly a decade where Germany was the magic word for thousands of Albanians seeking a better life, the latest figures show that this story is taking a......
“Building renovation, intelligent investment” - National Plan, Muço: Energy efficiency, economic and environmental benefits
The issuance of the National Building Renovation Plan for public consultation is considered an important step by experts, who say that the benefits that come......
Employment growth in Europe - Which regions are expanding the labor market the fastest?
Greek, Spanish, Portuguese and Italian regions are seeing significant increases in employment rates, according to the latest Eurostat data. The statistics......
Britain-EU, steel deal targeted - Joint alliance seeks to challenge China's dominance
Britain seeks to create a Western alliance with the European Union to limit China's dominance in the global steel market. London hopes a coordinated......
"Pjetër Budi" Street Towards Complete Reconstruction - Investment Includes Asphalting, Sidewalks and Lighting
The Municipality of Tirana has announced the opening of the competition for the reconstruction of "Pjetër Budi" street. The limit fund made available is 250......
Exports "halt" after four months of growth/ In September, the decline was estimated at 10.7%. Construction materials were negatively affected
After four months of growth, September 2025 marked the return of declining exports, according to INSTAT figures. Exports of goods reached 27 billion lek, a......
"It is paralyzing development" - German media analyzes the crisis in Kosovo
After the failure of Albin Kurti's attempt to form a government, Kosovo is now facing a new phase of political uncertainty, writes the newspaper "Berliner......
AAPSK supports social centers in Kamëz, Vlorë, Elbasan and Shkodra with confiscated materials!
In the framework of cooperation with the State Social Service and in function of the social use of confiscated assets, the Agency for the Administration of......
